Delphy’s Lean Startup Model
Delphy is a decentralized, open-source, mobile prediction market platform built on Ethereum. Developers like Ethereum because of its open software use case. This allows developers to build and deploy decentralized applications. While Bitcoin is a store of value, Ethereum enables anything that could run on a traditional computer to run on the blockchain, which is where Delphy comes in.
Delphy uses market incentives to predict the outcome of an event. The mechanism behind this method of prediction is the ‘Wisdom of the Crowd’. This is the idea that large groups of people are more accurate than individual experts. Unlike centralized prediction markets, Delphy is not at risk of corruption or subject to manipulation. Also, traditional markets are always under tight regulation, resulting in high barriers to entry. Delphy will be accessible to anyone with an Internet connection.
Delphy is light years ahead of other decentralized prediction market projects. The development team has elected to build using a ‘Lean Startup Model’. This creates a development canvas that can be quickly tested. By using lean startup model principles, Delphy is able to discover the efficiency of a specific UI or feature. This way, if a feature is not as interesting or successful as once thought, it fails quickly and cheaply. For a project to adopt a lean startup method, experimentation becomes more valuable than detailed planning. Planning is a good method of preparation but they’re built around unknowns until properly tested.
Delphy has fully adopted this method and is able to build and test at a scalable level. Initially, Delphy will launch with centralized oracles. This will allow the team to build and test before moving to an end-to-end decentralized solution.
About Delphy
A decentralized mobile platform for prediction markets.
Delphy is a decentralized, mobile prediction market platform built on Ethereum. The Delphy App is a light Ethereum node running on mobile devices.
Delphy uses market incentives to allow participants in a market to communicate, instantly and transparently, their wisdom regarding the outcome of upcoming events, effectively predicting the future. We designed Delphy from the start to be decentralized, which makes it difficult to manipulate prediction results.
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